The tech heavy Nasdaq 100 (QQQQ) continued the strong advance today and has now reached an extremely overbought state. Our shortest-term overbought/oversold measures (not mentioned below) are pegged which typically means that the advance should stall and pull back at least over the next day or so.
Please click the following link if you would like to read the rest of the report:
http://www.crowderinvestments.com/blog/
Kindest,
Andrew Crowder